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Lightning Ventures

CNSX:LVI
Snowflake Description

Good value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LVI
CNSX
CA$2M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Lightning Ventures Inc., through its subsidiary, Lightning Industries, Inc., manufactures equipment for oil and gas production. The last earnings update was 246 days ago. More info.


Add to Portfolio Compare Print
  • Lightning Ventures has significant price volatility in the past 3 months.
LVI Share Price and Events
7 Day Returns
0%
CNSX:LVI
0.6%
CA Energy Services
1.6%
CA Market
1 Year Returns
-62.5%
CNSX:LVI
-17.2%
CA Energy Services
-0.6%
CA Market
LVI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lightning Ventures (LVI) 0% 0% 0% -62.5% -62.5% -
CA Energy Services 0.6% -8.9% -10% -17.2% 1.8% -39.1%
CA Market 1.6% -4.7% -5.3% -0.6% 48.7% 44.5%
1 Year Return vs Industry and Market
  • LVI underperformed the Energy Services industry which returned -17.2% over the past year.
  • LVI underperformed the Market in Canada which returned -0.6% over the past year.
Price Volatility
LVI
Industry
5yr Volatility vs Market

Value

 Is Lightning Ventures undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lightning Ventures to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lightning Ventures.

CNSX:LVI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year CA Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:LVI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.4
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.399 (1 + (1- 26.5%) (43.55%))
1.847
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.34% + (1.847 * 7.66%)
16.49%

Discounted Cash Flow Calculation for CNSX:LVI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lightning Ventures is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

CNSX:LVI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 0.34 0.40 0.48 0.56 0.65
Source Est @ 20%, capped from 42.18% Est @ 19%, capped from 42.18% Est @ 18%, capped from 42.18% Est @ 17%, capped from 42.18% Est @ 16%, capped from 42.18%
Present Value
Discounted (@ 16.49%)
0.29 0.30 0.30 0.30 0.30
Present value of next 5 years cash flows CA$1.50
CNSX:LVI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$0.65 × (1 + 2.34%) ÷ (16.49% – 2.34%)
CA$4.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$4.69 ÷ (1 + 16.49%)5
CA$2.19
CNSX:LVI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$1.50 + CA$2.19
CA$3.68
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$3.68 / 142.09
CA$0.03
CNSX:LVI Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.03
Current discount Discount to share price of CA$0.02
= -1 x (CA$0.02 - CA$0.03) / CA$0.03
42.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lightning Ventures is available for.
Intrinsic value
42%
Share price is CA$0.015 vs Future cash flow value of CA$0.02592
Current Discount Checks
For Lightning Ventures to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lightning Ventures's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lightning Ventures's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lightning Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lightning Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:LVI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in CAD CA$0.00
CNSX:LVI Share Price ** CNSX (2018-08-07) in CAD CA$0.02
Canada Energy Services Industry PE Ratio Median Figure of 19 Publicly-Listed Energy Services Companies 17.35x
Canada Market PE Ratio Median Figure of 550 Publicly-Listed Companies 15.06x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lightning Ventures.

CNSX:LVI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:LVI Share Price ÷ EPS (both in CAD)

= 0.02 ÷ 0.00

5.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lightning Ventures is good value based on earnings compared to the CA Energy Services industry average.
  • Lightning Ventures is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Lightning Ventures's expected growth come at a high price?
Raw Data
CNSX:LVI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Energy Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Energy Services Companies 0.72x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lightning Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lightning Ventures's assets?
Raw Data
CNSX:LVI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in CAD CA$0.00
CNSX:LVI Share Price * CNSX (2018-08-07) in CAD CA$0.02
Canada Energy Services Industry PB Ratio Median Figure of 41 Publicly-Listed Energy Services Companies 0.85x
Canada Market PB Ratio Median Figure of 2,246 Publicly-Listed Companies 1.53x
CNSX:LVI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:LVI Share Price ÷ Book Value per Share (both in CAD)

= 0.02 ÷ 0.00

3.28x

* Primary Listing of Lightning Ventures.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lightning Ventures is overvalued based on assets compared to the CA Energy Services industry average.
X
Value checks
We assess Lightning Ventures's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Lightning Ventures has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Lightning Ventures expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lightning Ventures has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.4%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lightning Ventures expected to grow at an attractive rate?
  • Unable to compare Lightning Ventures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lightning Ventures's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Lightning Ventures's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:LVI Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 47.4%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 15.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:LVI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:LVI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2017-12-31 0 -1 0
2017-09-30 0 -1 0
2017-06-30 0 -0 0
2017-03-31 1 -0 -1
2016-12-31 0 0 -2
2016-09-30 0 0 -2
2016-06-30 0 -0 -1
2016-03-31 -0 0
2015-12-31 0 -0
2015-09-30 -0 -1
2015-06-30 -1 -1
2015-03-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lightning Ventures is high growth as no earnings estimate data is available.
  • Unable to determine if Lightning Ventures is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:LVI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lightning Ventures Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:LVI Past Financials Data
Date (Data in CAD Millions) EPS *
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 -0.01
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.01
2016-03-31 0.00
2015-12-31 -0.01
2015-09-30 -0.01
2015-06-30 -0.01
2015-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lightning Ventures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Lightning Ventures is trading at Lightning Ventures'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Lightning Ventures's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Lightning Ventures's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Lightning Ventures's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lightning Ventures has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Lightning Ventures performed over the past 5 years?

  • Lightning Ventures's last earnings update was 246 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lightning Ventures's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Lightning Ventures's year on year earnings growth rate was positive over the past 5 years.
  • Lightning Ventures has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Lightning Ventures has become profitable in the last year making it difficult to compare the CA Energy Services industry average.
Earnings and Revenue History
Lightning Ventures's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lightning Ventures Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:LVI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 0.29 0.31 0.94
2017-09-30 0.35 0.29 1.01
2017-06-30 0.49 0.16 0.68
2017-03-31 0.51 -0.90 0.73
2016-12-31 0.38 -1.81 0.37
2016-09-30 0.24 -1.70 0.20
2016-06-30 0.07 -0.93 -0.05
2016-03-31 0.20 -0.27
2015-12-31 -0.39 0.73
2015-09-30 -0.51 0.81
2015-06-30 -0.87 1.12
2015-03-31 -1.20 1.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lightning Ventures made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Lightning Ventures used its assets more efficiently than the CA Energy Services industry average last year based on Return on Assets.
  • It is difficult to establish if Lightning Ventures improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lightning Ventures's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lightning Ventures has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Lightning Ventures's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lightning Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lightning Ventures's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lightning Ventures has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lightning Ventures's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lightning Ventures Company Filings, last reported 10 months ago.

CNSX:LVI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 0.64 0.93
2017-09-30 0.77 0.88 0.02
2017-06-30 1.05 0.91 0.33
2017-03-31 0.48 0.75 0.02
2016-12-31 -0.93 0.82 0.04
2016-09-30 -0.77 0.71 0.01
2016-06-30 -0.66 0.59
2016-03-31 -0.17 0.00 0.00
2015-12-31 -0.00 0.00
2015-09-30 0.03 0.00 0.01
2015-06-30 0.01 0.00
2015-03-31 0.05 0.00 0.00
  • Lightning Ventures's level of debt (145.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Lightning Ventures's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Lightning Ventures earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Lightning Ventures's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lightning Ventures has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Lightning Ventures's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lightning Ventures dividends.
If you bought CA$2,000 of Lightning Ventures shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lightning Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lightning Ventures's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:LVI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lightning Ventures has not reported any payouts.
  • Unable to verify if Lightning Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lightning Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lightning Ventures has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lightning Ventures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lightning Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lightning Ventures has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Lightning Ventures's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Don Rainwater
TENURE AS CEO 2.4 years
CEO Bio

Mr. Donald Rainwater, also known as Don, has been Chief Executive Officer, President and Director at Lightning Ventures Inc. since June 01, 2016 and Interim Chief Financial Officer since February 28, 2018.

CEO Compensation
  • Insufficient data for Don to compare compensation growth.
  • Insufficient data for Don to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Don Rainwater

TITLE
CEO, President
TENURE
2.4 yrs

Kelly Pladson

TITLE
Secretary
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure of the Lightning Ventures board of directors in years:

0.8
Average Tenure
  • The average tenure for the Lightning Ventures board of directors is less than 3 years, this suggests a new board.
Board of Directors

Don Rainwater

TITLE
CEO, President
TENURE
2.4 yrs

Robert Tjandra

TITLE
Member of Advisory Board
TENURE
1.1 yrs

Daniel Gasser

TITLE
Member of Board of Advisors
TENURE
0.8 yrs

Tyler Ross

TITLE
Director
TENURE
0.3 yrs

Morgan Good

TITLE
Director
AGE
35
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (CAD) Value (CAD)
16. Nov 17 Buy Nia Capital Corp Company 16. Nov 17 16. Nov 17 2,000,000 CA$0.02 CA$39,999.06
X
Management checks
We assess Lightning Ventures's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lightning Ventures has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Is Lightning Ventures Inc (CNSX:LVI) A Financially Sound Company?

While small-cap stocks, such as Lightning Ventures Inc (CNSX:LVI) with its market cap of CA$2.84m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Company Info

Map
Description

Lightning Ventures Inc., through its subsidiary, Lightning Industries, Inc., manufactures equipment for oil and gas production. It provides products to enhance efficiency and increase the production of oil and gas wells. The company was formerly known as Highmark Marketing Inc. and changed its name to Lightning Ventures Inc. in June 2016. Lightning Ventures Inc. was incorporated in 2014 and is based in Vancouver, Canada.

Details
Name: Lightning Ventures Inc.
LVI
Exchange: CNSX
Founded: 2014
CA$2,131,386
142,092,460
Website: http://www.lightningind.com
Address: Lightning Ventures Inc.
838 West Hastings street,
Suite 700,
Vancouver,
British Columbia, V6C 0A6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX LVI Common Shares Canadian National Stock Exchange CA CAD 16. Jul 2014
DB 1HM Common Shares Deutsche Boerse AG DE EUR 16. Jul 2014
Number of employees
Current staff
Staff numbers
0
Lightning Ventures employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/02 21:39
End of day share price update: 2018/08/07 00:00
Last earnings filing: 2018/03/01
Last earnings reported: 2017/12/31
Last annual earnings reported: 2017/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.